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Top Stablecoin Issuer Projects

The top Stablecoin Issuer projects, ranked by prominence — TVL, market cap, funding, and on-chain activity.

Aave

Aave

Decentralized lending and borrowing protocol

aptosarbitrumavalanche+24
Curve

Curve

Efficient stablecoin DEX with deep liquidity

arbitrumauroraavalanche+25
Paxos

Paxos

Tokenized physical gold on the blockchain

ethereum
Solayer

Solayer

Hardware-accelerated blockchain for 1M+ TPS

solana
Thala

Thala

Aptos-native DeFi with stablecoin and dynamic AMM

aptos
Ethena

Ethena

The first crypto-native synthetic dollar

arbitrumavalanchebase+17
usd.ai

usd.ai

Yield-bearing synthetic dollar for AI compute financing

arbitrumbaseethereum+1
Resolv

Resolv

Delta-neutral stablecoin backed by ETH

bnb-chainethereum
Keeta

Keeta

Ultra-fast L1 for tokenized real-world assets

base
Sperax

Sperax

Autonomous DeFi agents for self-optimizing portfolios.

arbitrumbnb-chainethereum
Asymmetry Finance

Asymmetry Finance

Borrow stable dollars at fixed rates

baseethereum
Usual

Usual

Stablecoin and yield protocol backed by real-world assets

basebnb-chainethereum
Falcon Finance

Falcon Finance

Your Crypto, Your Yields

bnb-chainethereumxdc
Spark

Spark

Onchain capital allocator for scalable liquidity and yield.

arbitrumavalanchebase+5
World Liberty Financial

World Liberty Financial

Earn, borrow, and grow across chains

bnb-chainethereumsolana
dForce

dForce

DeFi infrastructure for Web3 liquidity and stablecoins

arbitrumavalanchebase+6
Sky

Sky

Governance for Sky Protocol and USDS

ethereum
Elixir

Elixir

Powering institutional liquidity with deUSD

arbitrumethereumsei
Unitas

Unitas

On-chain dollar yield, no banks needed.

basebnb-chainethereum+1
Circle

Circle

Tokenized treasuries yielding Fed rate onchain

bnb-chainethereumnear+1
First Digital

First Digital

Stable cash reserves, seamless blockchain efficiency.

arbitrumbnb-chainethereum+3
Resupply

Resupply

Maximize yield with half-rate borrowing

ethereum
GAIB

GAIB

AI infrastructure meets DeFi yields.

arbitrumbasebnb-chain+4
Solomon

Solomon

A dollar that stays a dollar and earns yield.

solana
Tether

Tether

The world's most trusted stablecoin

aptosarbitrumavalanche+13
TrueUSD

TrueUSD

Real-time attested USD-backed stablecoin on 12 chains

avalanchebnb-chainethereum+3
Telcoin

Telcoin

Borderless finance for every mobile phone

arbitrumbaseethereum+2
Spellborne

Spellborne

Restoring MIM stablecoin peg with SPELL incentives.

arbitrumavalancheethereum+1
Maker

Maker

The decentralized stablecoin issuer and governance protocol

avalancheethereumpolygon
Zephyr Protocol

Zephyr Protocol

Private over-collateralized stablecoins on Monero

Angle Protocol

Angle Protocol

defunct

Capital-efficient stablecoin protocol governed by DAO

arbitrumavalanchebnb-chain+5
Qi Dao

Qi Dao

Borrow stablecoins, keep your crypto.

arbitrumavalanchebase+10
Yala

Yala

Unlocking Bitcoin's DeFi potential

basebitcoinbnb-chain+1
Anzen Finance

Anzen Finance

Stablecoin backed by diversified RWA portfolio

arbitrumbaseblast+2
STBL

STBL

Yield-bearing stablecoins backed by real-world assets

bnb-chainethereum
Hubble

Hubble

Earn yield on collateral, mint stable USDH

solana
Frax (prev. FXS)

Frax (prev. FXS)

arbitrumavalanchebnb-chain+9
Cash

Cash

Stablecoin platform

aptossolana
Ampleforth Governance

Ampleforth Governance

ethereum
Bucket Token

Bucket Token

sui
Reflexer Ungovernance

Reflexer Ungovernance

ethereum
RD Technologies

RD Technologies

Stablecoin issuers

Prisma Governance Token

Prisma Governance Token

ethereum
Let's Get HAI

Let's Get HAI

optimism
Jarvis Reward

Jarvis Reward

arbitrumavalanchebnb-chain+3
Crown

Crown

Stablecoin fintech company

baseethereum
Novastro

Novastro

bnb-chain
Capa

Capa

terra
Parallel Governance

Parallel Governance

arbitrumbaseethereum+4
Squill

Squill

ethereumfraxtal